Bear Mountain Capital Inc.

Access to private investments with low fees? We can do that.

Canyon Creek Investment Fund I, LLC (CCIFI) is a fund-of-funds offering that was created to serve the needs of accredited investors* looking for higher income at a low cost in a low interest rate environment. The fund has a 1-year lock-up, a low 0.75% management fee and does not charge an incentive fee.

The fund invests in underlying managers who generate returns by lending money to developers, contractors and real estate investors. These loans are secured by real property, with attractive loan-to-value ratios. CCIFI pays income quarterly and is open to all accredited and properly qualified investors.

summary statistics

ANNUALIZED RETURN SINCE INCEPTION**

9.17%

12-MONTH RETURN

9.14%

QUARTERLY STANDARD DEVIATION

0.38%

CCIFI HISTORICAL RETURN (INCEPTION DATE: 10/01/2012)**

 
Q1
Q2
Q3
Q4
YTD RETURN YTD
2012
N/A
N/A
N/A
1.79%
1.79%
2013
2.41%
2.49%
2.49%
3.23%
10.62%
2014
1.62%
1.97%
2.93%
2.72%
9.24%
2015
2.58%
1.91%
2.22%
2.87%
9.58%
2016
2.10%
1.71%
2.51%
2.30%
8.63%
2017
2.11%
1.82%
2.33%
2.42%
8.69%
2018
2.13%
2.04%
2.45%
2.36%
8.98%
2019
2.35%
1.98%
-
-
4.33%

Benchmark Fund Performance % (as of 6/30/2019)**

 
ANNUALIZED TOTAL RETURNS
 
1 YEAR
 
3 YEAR
 
5 YEAR
SINCE INCEPTION
CANYON CREEK INVESTMENT FUND I (NAV RETURNS)
9.14%
8.93%
9.17%
9.17%
DOW JONES U.S. MORTGAGE REITS INDEX
-5.91%
-0.25%
-2.85%
-4.45%
FTSE EPRA/NAREIT NORTH AMERICA INDEX (USD)
7.30%
3.88%
4.14%
5.11%
YEARLY TOTAL RETURNS
2018
2017
2016
2015
2014
2013
CANYON CREEK INVESTMENT FUND I (NAV RETURNS)
8.98%
8.69%
8.63%
9.58%
9.24%
10.62%
DOW JONES U.S. MORTGAGE REITS INDEX
-14.24%
11.33%
11.66%
-18.49%
9.48%
-20.23%
FTSE EPRA/NAREIT NORTH AMERICA INDEX (USD)
0.79%
-5.79%
18.05%
0.02%
9.26%
4.68%
MANAGEMENT FEE

0.75%

primary strategy

Short-term real estate lending

investment criteria

Senior, secured debt

lock up

12 months

redemption

Please see PPM

Auditors

Rekdal, Hopkins & Howard PS (2017 audit available on request)

INVESTMENT CHARACTERISTICS OF UNDERLYING FUNDS

Loan Type: Senior Secured; 1st Position Liens; 3rd Party Appraisals; Personal Guarantees
Total AUM: $1.83B; Max LTV ≤ 75%; Preferred Returns; Interest Reserves
Loan Term: 0–3 years; Direct Interest Collection; Monthly Distributions; National Exposure

* Accredited Investor Definition: For an individual to be considered an accredited investor, he or she must have a net worth of at least one million US dollars, not including the value of one’s primary residence or have income at least $200,000 each year for the last two years (or $300,000 together with his or her spouse if married) and have the expectation to make the same amount this year.

** The performance data shown represent past performance, which is not a guarantee of future results. Market and/or economic conditions can materially affect future results. Investment returns and principal value will fluctuate so that investors’ ownership, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. The above results do not reflect the reinvestment of dividends.

Canyon Creek Investment Fund I, LLC (“CCIFI” or the “Fund”) is a limited liability company formed under the laws of the state of Washington for the purpose of generating returns through investments in other funds selected at the sole discretion of the Manager. CCIFI invests in unleveraged and low-leverage investment funds primarily focused on funding, investing and trading in residential and commercial mortgages secured by real property located in the United States.

Risks: This material has been prepared as a matter of general information and is intended for potential investors for whom it is suitable and who are “accredited,” as defined in Regulation D of the Securities Exchange Act of 1933. We do not permit investment in the fund by non-accredited investors. This material is not intended to be a complete description of any security or company mentioned and is not an offer to buy or offer to sell any security. For a complete description of this investment please read the Canyon Creek Investment Fund I offering memorandum and LLC agreement. A fund-of-funds is exposed to asset allocation risk. A fund-of-funds is subject to it’s own expenses and expenses of the underlying funds. Although diversification can help decrease volatility over the long term, this assumes that asset classes do not move in tandem and that positive returns in one or more asset classes will help offset negative returns in other asset classes. A fund-of-funds does not guarantee positive returns, may incur losses, and may experience volatility, particularly during periods of market declines. It is typically exposed to the same risks as the underlying funds in which it invests. Please refer to the private placement memorandum for additional information on fees and availability. Performance results shown are before taxes, net of all fees and expenses and do not include reinvestment of income. The advisory fees of the fund may be substantial regardless of whether the fund has a positive return. Investments in this fund are illiquid and contain investments that involve tax structures that may cause delays in distributing important tax information. Performance information is summary only and is intended to be reviewed in detail with a Bear Mountain representative who is prepared to discuss the methodology and assumptions employed in the presentation of this data. This document is confidential and is intended solely for the person to whom it has been given and may not be shown, copied, transmitted, or otherwise given to any person other than the authorized recipient.